Statement by the Managing Director on the Independent Evaluation Office Report on IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022

Statement by the Managing Director on the Independent Evaluation Office Report on IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022 PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2022-05-17

Total Pages: 10

ISBN-13:

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The report and its recommendations should also be careful to not impinge upon areas that are still unfolding, such as the RST, crisis response, and CD provision, to avoid unnecessary duplication of efforts and ensure that a coherent and evenhanded framework is in place. I offer qualified and/or partial support to the recommendations, as discussed below, to serve better our SDS members.

The Acting Chair’s Summing Up Independent Evaluation Office—IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022

The Acting Chair’s Summing Up Independent Evaluation Office—IMF Engagement with Small Developing States: Executive Board Meeting May 6, 2022 PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2022-05-17

Total Pages: 4

ISBN-13:

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Executive Directors welcomed the report of the Independent Evaluation Office (IEO) on IMF Engagement with Small Developing States (SDS) and appreciated its insights and recommendations. They welcomed the report’s finding that the Fund has substantially stepped up its engagement with its SDS members over the past decade, and that SDS country officials generally considered Fund surveillance and capacity development (CD) activities of high quality and well-tailored to their needs.

Statement by the Managing Director on the Independent Evaluation Office Report on the Evolving Application of the IMF's Mandate

Statement by the Managing Director on the Independent Evaluation Office Report on the Evolving Application of the IMF's Mandate PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2024-06-18

Total Pages: 7

ISBN-13:

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This evaluation assesses the decision-making processes that guided the evolution of the application of the Fund's mandate, the criteria and principles used to operationalize engagement in newer policy areas, and the coherence of the Fund's framework for engaging with partners. It finds that the systematic widening of the Fund's areas of work is posing adaptation challenges, necessitating trade-offs, and overburdening staff within a context of budgetary and expertise constraints. The evaluation offers a framework for approaching these challenges that is centered on a trilemma that exposes the tension between the steady expansion of the Fund's scope of work, its limited resources, and the need to maintain the high quality and value-added of its policy advice. It identifies several problems within this framework, including the ad hoc decision-making process for engaging in newer policy areas, which lacks a longer-term strategic anchor. Furthermore, decisions on policies, resources, and risks were taken in a piecemeal manner, without due consideration for crossed effects. It also identifies several open questions regarding the depth and frequency of the Fund's engagement in newer policy areas and the lack of an institutional approach to Fund partnerships.The evaluation proposes classifying newer policy areas across a spectrum of recommended engagement, ranging from signaling their macrocriticality while leaving deeper assessments to other institutions, to in-depth high-frequency engagement. It also offers four main recommendations: (i) developing an inclusive Fund-wide institutional strategy for engagement in newer policy areas that better links decisions related to scope, resources, and risks; (ii) producing budget data that enables the tracking of Fund activities and operations by policy area; (iii) updating the 2022 Guidance Note for Surveillance to enhance the clarity of principles for engagement; and (iv) adopting a Board-approved high-level Statement of Principles for engagement with partners.

Statement by the Managing Director on the Independent Evaluation Office Report on The IMF and Capacity Development Executive Board Meeting September 12, 2022

Statement by the Managing Director on the Independent Evaluation Office Report on The IMF and Capacity Development Executive Board Meeting September 12, 2022 PDF

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-10-04

Total Pages: 8

ISBN-13:

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The IEO evaluation contains a wealth of analysis and background material that will be invaluable as staff embarks on the preparation of the 2023 CD Strategy Review. The overall assessment is very positive, highlighting the achievements authorities have made with the help of Fund CD and the value they continue to place on this area of Fund work. The report also acknowledges the significant strides that have been made in improving governance and management of CD in recent years.

Statement by the Managing Director on the Independent Evaluation Office Report on the IMF and Fragile States

Statement by the Managing Director on the Independent Evaluation Office Report on the IMF and Fragile States PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2018-04-03

Total Pages: 7

ISBN-13: 1498307345

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I welcome the report of the Independent Evaluation Office (IEO) on the IMF and Fragile States. The report recognizes that the Fund has made important contributions in restoring macroeconomic stability, building core institutions, and catalyzing donor support across a diverse range of countries in fragile and conflict situations. The IEO’s analysis and findings provide a thorough stock-taking and resonate with staff. Accordingly, I broadly support the IEO’s recommendations to make the Fund’s engagement with countries in fragile and conflict situations more impactful.

Statement by the Managing Director on the Independent Evaluation Office Report on The IMF’s Emergency Response to the COVID-19 Pandemic

Statement by the Managing Director on the Independent Evaluation Office Report on The IMF’s Emergency Response to the COVID-19 Pandemic PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2023-03-20

Total Pages: 5

ISBN-13:

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As the evaluation notes, the Fund’s rapid response was not without costs and risks. The decision to provide extraordinary access, including through emergency financing, in the face of this unprecedented crisis has inevitably raised pressures on the Fund’s own, and its members’, balance sheets. Moreover, according to the report, some stakeholders did not feel adequately consulted in the initial weeks of the pandemic, staff experienced enormous work pressures, and in at least a few instances, national authorities did not perceive that the way policy guidance on 2 access was applied was entirely evenhanded. I am confident we can learn from the experience and do even better in the future; and I believe the IEO’s high-level recommendations will help us to do so.

International Monetary Fund Annual Report 2021

International Monetary Fund Annual Report 2021 PDF

Author: International Monetary Fund. Secretary's Department

Publisher: International Monetary Fund

Published: 2021-10-04

Total Pages: 74

ISBN-13: 1513568817

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A recovery is underway, but the economic fallout from the global pandemic could be with us for years to come. With the crisis exacerbating prepandemic vulnerabilities, country prospects are diverging. Nearly half of emerging market and developing economies and some middle-income countries are now at risk of falling further behind, undoing much of the progress made toward achieving the UN Sustainable Development Goals.

Statement by the Managing Director on the Independent Evaluation Office Report on Recurring Issues from a Decade of Evaluation

Statement by the Managing Director on the Independent Evaluation Office Report on Recurring Issues from a Decade of Evaluation PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2014-11-06

Total Pages: 4

ISBN-13: 1498343244

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The Managing Director welcomes the IEO's novel report, which identifies recurring issues from past evaluations and assesses progress in addressing them. The report's focus on organizational silos, attention to risks and uncertainty, country and institutional context, evenhandedness, and Executive Board guidance and oversight is appropriate given their relevance and importance for the effectiveness and credibility of IMF operations.

Progress Report To The IMFC On The Activities Of The Independent Evaluation Office Of The IMF

Progress Report To The IMFC On The Activities Of The Independent Evaluation Office Of The IMF PDF

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-10-13

Total Pages: 2

ISBN-13:

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Since the 2022 Spring Meetings, the IEO has completed two evaluations—on IMF engagement with small developing states and capacity development. We have also made significant progress on a third evaluation on the IMF’s emergency response to the COVID pandemic. In addition, a list of new evaluation topics has been drawn up for discussion with the Executive Board later this year.

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